In Vigoro, the court noted that if the contacts had been located throughout the country the information would have been considered to be a trade secret. Conseco Finance Corp. will be split up and sold for a total of about $1 billion. As stated in the company's 1993 annual report, 'Our operating strategy is to consolidate and streamline the administrative functions of the acquired companies, to improve their investment yield through active asset management and to eliminate unprofitable products and distribution channels.'. Although the two companies merged to form one holding company late in 1983, internal operations still reflected Hilbert's original concept. Get free summaries of new Eighth Circuit U.S. Court of Appeals opinions delivered to your inbox! R. Civ. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission. Security National Corp. was formed to acquire and manage existing life insurance companies. Next, North American claims that because the Missouri Uniform Trade Secrets Act has replaced all common-law remedies, no tort claim is maintainable unless the information qualifies as a "trade secret" under the statute. Conseco Finance became insolvent after it failed to make a $4.7 million payment that was due Dec. 4. SYDNEY (Reuters) - A consortium of private equity firm KKR & Co LP KKR. 1995) (quoting Cortez v. Life Ins. The Conseco organization continued to add value to its holdings in the early 1990s and to achieve success with both CCM and CCP. The facts and issues in this case arise from actions taken by North American to acquire information about individuals that is contained in Conseco's confidential files. Each account takes a certain monthly fee in order to be maintained but the good news is that if you choose to close it yourself, it is free. Conseco stock hit a high of. It's hard to . Conseco endured a string of disparaging articles in major business journals in the early 1990s that questioned its integrity. Another cancer insurance provider, Capitol American Financial Corp., was purchased by Conseco for $696 million in March 1997. To help achieve this objective, Conseco formed a new limited partnership in early 1994, Conseco Capital Partners II, L.P. CCP II included 36 limited partners who had a combined investment potential of $5 billion to $7 billion. There was an article in Business Insider awhile back that had this same topic. Ins. [6] SNI bought Consolidated National Life Insurance Co. in 1983. GE Consumer Finance Is Conseco Finance still in business? But if the lender of record has ceased to exist, it falls to the current holder of the mortgage to release the lien. Get the news you need delivered right to you. Continued gains in the value of Conseco holdings combined with the success of CCP investments resulted in dynamic growth during 1990 and 1991. The companies were Consolidated Marketing Group, Inter-State Service, Inc., and TLC National Marketing Company, which sold products door-to-door.
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